The $2 Million Dollar Flip-FlopMarch 31, 2005From TalkingPointsMemo: Several days ago, we linked to a post on the Center for American Progress blog that raised an important question for the 18 senators that voted for a 1991 amendment offered by former Senator Alfonse D'Amato (R-NY) to limit the interest rate credit companies can charge to 14 percent only to vote against an amendment offered by Senator Mark Dayton (D-MN) to the current bankruptcy bill that would have limited that rate to 30 percent. Thinkprogress asked: Why would 18 Senators, including co-sponsors of the original measure, vote for a tougher pro-consumer measure in 1991, and then vote against a weaker measure in 2005? Could it be that the more than $2 million these Senators took from the credit card/banking industry in the interim made them change their mind? We offer the following list of those senators in case our readers wish to get an answer for themselves: Sen. Max Baucus (D-MT)
Sen. Pete Domenici (R-NM) Spoke in favor of D'Amato Amendment during floor debate Sen. Chuck Grassley (R-IA)
Sen. Ted Stevens (R-AK)
Sen. Conrad Burns (R-MT) Sen. Herb Kohl(D-WI) Sen. Pat Leahy(D-VT) Sen. Harry Reid (D-NV) Sen. Larry Craig (R-ID) -- Michael Negron
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